Colorado Lawmakers Set Taxes And Rules For Marijuana Sales | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Colorado Lawmakers Set Taxes And Rules For Marijuana Sales

Colorado is set to become the first U.S. state to regulate and tax sales of recreational marijuana, after lawmakers approved several bills that set business standards and rules. Legislators expect enforcement of the rules to be paid for by two taxes on marijuana — a 15 percent excise tax, and a 10 percent sales tax.

Other measures included in the package set limits on how much marijuana visitors to Colorado can buy (a quarter of an ounce), as well as a limit on how many cannabis plants a private citizen can grow (six).

Gov. John Hickenlooper has indicated he will sign the legislation, according to The Denver Post. Colorado voters first approved the legalization of pot for recreational use by people over age 21 in a ballot initiative last November.

Voters adopted a similar measure in Washington state, where plans for regulation and taxation are still being formed.

"The first legal marijuana should be on sale in Washington in March 2014," reports the Seattle Post-Intelligencer, "and Colorado will have its cannabis stores open as soon as Jan. 1."

Like all new Colorado taxes, voters must approve the new taxation system in a ballot initiative this autumn.

Other states are already taxing pot, but those levies cover medical marijuana. California reportedly raises more than $100 million a year on such sales.

The Colorado legislation adopted Wednesday also includes a requirement that "pot must be sold in child-resistant packages with labels that specify potency," The Post reports. "Edible marijuana products will have serving-size limits."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Racially-Charged Casting Call: 'Surprising' But Not Shocking To Insiders

A casting call asked for attractive light-skinned women of any race but black women who looked "poor" and "not in good shape." A panel of industry insiders weighs in.
NPR

With Help From America's Test Kitchen, Why Buy When You Can DIY?

Morning Edition host Renee Montagne talks to America's Test Kitchen's Chris Kimball about foods that are easier than you'd guess to make at home. Fresh Nutella or kale chips, anyone?
NPR

Montana Sen. Walsh Says PTSD May Have Played A Role In His Plagiarism

Sen. John Walsh lifted at least a quarter of his United States Army War College master's thesis, according to a report in The New York Times. Walsh was appointed to the Senate in February.
NPR

U.S. Database Glitch Delays Passport, Visa Processing

The problem in the U.S. State Department system could cause problems for millions of people worldwide who are awaiting travel documents.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.